DEKORATIEF: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DEKORATIEF
Largest movements
- Cash +€218,689
up €218,689 (+23.1%), from €945,370 to €1.2m
mainly Other debts (+€230,124) and Trade debts (+€137,444)
- Tangible fixed assets -€41,328
down €41,328 (-5.3%), from €773,181 to €731,854
of which Land and buildings: -€68,198
- Receivables within one year +€28,251
up €28,251 (+19.2%), from €147,139 to €175,390
of which Other amounts receivable: +€27,613
- Other debts +€230,124
up €230,124 (+54.6%), from €421,274 to €651,398
- Trade debts +€137,444
new in 2025: €137,444
- Reserves -€109,445
down €109,445 (-9.9%), from €1.1m to €995,191
of which Distributable reserves: -€100,376
- Debts after one year -€62,384
down €62,384 (-54.3%), from €114,973 to €52,589
- Gross operating margin -€33,018
down €33,018 (-5.9%), from €558,798 to €525,781
- Taxes -€24,006
down €24,006 (-36.6%), from €65,557 to €41,551
- Financial income -€23,825
down €23,825 (-87.7%), from €27,166 to €3,341
- Staff costs -€20,944
down €20,944 (-8.4%), from €248,754 to €227,810
- Other operating charges -€11,532
down €11,532 (-15.2%), from €76,036 to €64,505
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,461,781 | €2,663,644 | +€201,863 | +8.2% |
| Fixed assets | 21/28 | €773,181 | €731,854 | -€41,328 | -5.3% |
| Tangible fixed assets | 22/27 | €773,181 | €731,854 | -€41,328 | -5.3% |
| Land and buildings | 22 | €747,929 | €679,731 | -€68,198 | -9.1% |
| Plant, machinery and equipment | 23 | €15,967 | €15,999 | +€33 | +0.2% |
| Furniture and vehicles | 24 | €9,286 | €36,123 | +€26,838 | +289.0% |
| Current assets | 29/58 | €1,688,600 | €1,931,790 | +€243,190 | +14.4% |
| Stocks and contracts in progress | 3 | €534,290 | €545,265 | +€10,975 | +2.1% |
| Stocks | 30/36 | €534,290 | €545,265 | +€10,975 | +2.1% |
| Amounts receivable within one year | 40/41 | €147,139 | €175,390 | +€28,251 | +19.2% |
| Trade receivables | 40 | €118,437 | €119,075 | +€638 | +0.5% |
| Other amounts receivable | 41 | €28,701 | €56,314 | +€27,613 | +96.2% |
| Cash at bank and in hand | 54/58 | €945,370 | €1,164,059 | +€218,689 | +23.1% |
| Deferred charges and accrued income | 490/1 | €61,801 | €47,076 | -€14,725 | -23.8% |
| Total equity and liabilities | 10/49 | €2,461,781 | €2,663,644 | +€201,863 | +8.2% |
| Equity | 10/15 | €1,781,908 | €1,672,463 | -€109,445 | -6.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Capital | 10 | €37,184 | €37,184 | = | 0.0% |
| Issued capital | 100 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €1,104,636 | €995,191 | -€109,445 | -9.9% |
| Tax-exempt reserves | 132 | €41,761 | €32,692 | -€9,069 | -21.7% |
| Distributable reserves | 133 | €1,062,875 | €962,499 | -€100,376 | -9.4% |
| Profit (loss) carried forward | 14 | €640,088 | €640,088 | = | 0.0% |
| Provisions and deferred taxes | 16 | €21,323 | €16,653 | -€4,670 | -21.9% |
| Deferred taxes | 168 | €21,323 | €16,653 | -€4,670 | -21.9% |
| Amounts payable | 17/49 | €658,550 | €974,528 | +€315,978 | +48.0% |
| Amounts payable after more than one year | 17 | €114,973 | €52,589 | -€62,384 | -54.3% |
| Financial debts | 170/4 | €114,973 | €52,589 | -€62,384 | -54.3% |
| Amounts payable within one year | 42/48 | €527,424 | €902,371 | +€374,946 | +71.1% |
| Current portion of amounts payable after more than one year | 42 | €43,820 | €49,092 | +€5,272 | +12.0% |
| Trade debts | 44 | - | €137,444 | +€137,444 | |
| Suppliers | 440/4 | - | €137,444 | +€137,444 | |
| Taxes, remuneration and social security | 45 | €62,331 | €64,436 | +€2,105 | +3.4% |
| Taxes | 450/3 | €20,735 | €17,313 | -€3,422 | -16.5% |
| Remuneration and social security | 454/9 | €41,596 | €47,123 | +€5,527 | +13.3% |
| Other amounts payable | 47/48 | €421,274 | €651,398 | +€230,124 | +54.6% |
| Accrued charges and deferred income | 492/3 | €16,153 | €19,569 | +€3,415 | +21.1% |
| Remuneration, social security and pensions | 62 | €248,754 | €227,810 | -€20,944 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,691 | €82,253 | +€5,562 | +7.3% |
| Other operating charges | 640/8 | €76,036 | €64,505 | -€11,532 | -15.2% |
| Gross operating margin | 9900 | €558,798 | €525,781 | -€33,018 | -5.9% |
| Operating profit (loss) | 9901 | €157,318 | €151,213 | -€6,104 | -3.9% |
| Financial income | 75/76B | €27,166 | €3,341 | -€23,825 | -87.7% |
| Recurring financial income | 75 | €27,166 | €3,341 | -€23,825 | -87.7% |
| Financial charges | 65/66B | €36,650 | €37,479 | +€829 | +2.3% |
| Recurring financial charges | 65 | €36,650 | €37,479 | +€829 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €147,834 | €117,076 | -€30,758 | -20.8% |
| Transfer from deferred taxes | 780 | €4,670 | €4,670 | = | 0.0% |
| Income taxes | 67/77 | €65,557 | €41,551 | -€24,006 | -36.6% |
| Profit (loss) for the period | 9904 | €86,947 | €80,195 | -€6,752 | -7.8% |
| Transfer from tax-exempt reserves | 789 | €51,169 | €9,069 | -€42,100 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €138,117 | €89,265 | -€48,852 | -35.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.